Charles Herder in the Houston office of Colliers International USA tells GlobeSt.com that the seller exited the building a year ago in a retreat to its home base at Lake Zurich, IL near Chicago. Progressive Manufacturing, which had Compaq as a client, had the Stafford asset on the market for $2 million. The Fort Bend County Appraisal District assesses the structure and acreage at $1.8 million.

Herder says the property was under contract five times before it sold to GL and KL Soni of Houston, who laid cash on the line to make the close. Herder says previous attempts to close the deal fell through for various reasons.

The building, sitting on 2.8 acres, has 56,658 sf of manufacturing space and 8,900 sf of office area. Herder says the buyers also picked up an abutting 1.4 acres. Vernon McGaw with Greater Houston Commercial Properties brokered the deal for the buyers, who are now retrofitting the building for distribution of spices and food products.